New Delhi, June 10 -- Le Travenues Technology Ltd's latest acquisition and investment spree is being viewed by the Street as a logical extension of its growth strategy, but investors may need to wait before the benefits show up in the online agency's earnings.

Analysts see strategic merit in Ixigo's acquisition of hotel-booking platform Brevistay and its investments in artificial intelligence startups, though most say the payoff will depend on execution and could take a couple of years to materialize.

The online travel agency announced the acquisition of a 54.66% stake in hourly hotel-booking platform Brevistay Hospitality for Rs.65.69 crore and invested in artificial intelligence startups ProactAI and Vestra.AI.

Investors appear willi...